MM CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for MM CONSTRUCT according to publications in the Belgian State Gazette; curator: SVEN DE MAESENEER.
Summary
The 2020 annual accounts show equity of €55k and a net result of €-2k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2020, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-2k
2019 · €3k
2018: €-19klowest in 3 years
2019: €3k▲ +118% vs 2018highest in 3 years
2020: €-2k▼ -165% vs 2019
2018 → 2020
Working capital
€72k▲ 5.1%
2019 · €68k
2018: €67klowest in 3 years
2019: €68k▲ +1.3% vs 2018
2020: €72k▲ +5.1% vs 2019highest in 3 years
2018 → 2020
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€54k-€57k▲ 6.3%€55k▼ 3.9%
2018: €54klowest in 3 years
2019: €57k▲ +6.3% vs 2018highest in 3 years
2020: €55k▼ -3.9% vs 2019
Operating result€-13k-€5k€769▼ 86.0%
2018: €-13klowest in 3 years
2019: €5k▲ +143% vs 2018highest in 3 years
2020: €769▼ -86.0% vs 2019
Net result€-19k-€3k€-2k
2018: €-19klowest in 3 years
2019: €3k▲ +118% vs 2018highest in 3 years
2020: €-2k▼ -165% vs 2019
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 86% below 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €181k
Fixed assets
€2k ▼ 71.1%
Current assets
€179k ▲ 9.3%
Equity and liabilities €181k
Equity
€55k ▼ 3.9%
Debt
€126k ▲ 10.2%
Debt's share of the balance-sheet total rises from 66.7% to 69.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1k▼
2019 · €6k
Cash flow
€-2k▼
2019 · €4k
Current ratio
1.67▼
2019 · 1.71
Debt to equity
2.30▲
2019 · 0.33
ROE
-4.0%▼
2019 · 5.9%
ROA
-1.2%▼
2019 · 2.0%
Interest coverage
0.36
Debt ≤ 1 year
€107k▲
2019 · €96k
Debt > 1 year
€19k=
2019 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2020 against 2019 · 42 lines
Balance sheet
Code20192020
Assets
Total assets20/58€172k€181k▲
Fixed assets21/28€8k€2k▼
Tangible fixed assets22/27€8k€2k▼
Furniture and vehicles24-€2k
Current assets29/58€164k€179k▲
Amounts receivable within one year40/41€158k€179k▲
Trade receivables40-€172k
Other amounts receivable41-€6k
Cash at bank and in hand54/58€5k€48▼
Equity and liabilities
Total equity and liabilities10/49€172k€181k▲
Equity10/15€57k€55k▼
Contributions10/11€19k€19k=
Capital10-€19k
Issued capital100-€19k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Legal reserve130-€2k
Profit (loss) carried forward14€37k€34k▼
Amounts payable17/49€115k€126k▲
Amounts payable after more than one year17€19k€19k=
Other amounts payable178/9-€19k
Amounts payable within one year42/48€96k€107k▲
Financial debts43-€7k
Credit institutions430/8-€7k
Trade debts44€42k€53k▲
Suppliers440/4-€53k
Taxes, remuneration and social security45-€857
Taxes450/3-€857
Other amounts payable47/48-€46k
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€289€289=
Other operating charges640/8-€6k
Non-recurring operating charges66A-€5k
Gross operating margin9900€33k€12k▼
Operating profit (loss)9901€5k€769▼
Recurring financial income75€0-
Financial charges65/66B-€3k
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€3k€-2k▼
Profit (loss) for the period9904€3k€-2k▼
Profit (loss) for the period to be appropriated9905€3k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€34k
Profit (loss) brought forward from the previous period14P-€37k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €289 | €289 | = |
| Other operating charges640/8 | - | - | €6k | - |
| Non-recurring operating charges66A | - | - | €5k | - |
| Gross operating margin9900 | €-6k | €33k | €12k | ▼ 63.5% |
| Operating profit (loss)9901 | €-13k | €5k | €769 | ▼ 86.0% |
| Recurring financial income75 | €119 | €0 | - | - |
| Financial charges65/66B | - | - | €3k | - |
| Recurring financial charges65 | €7k | €2k | €3k | ▲ 41.5% |
| Profit (loss) for the period before taxes9903 | €-20k | €3k | €-2k | ▼ 165% |
| Income taxes67/77 | €-839 | - | - | - |
| Profit (loss) for the period9904 | €-19k | €3k | €-2k | ▼ 165% |
| Profit (loss) for the period to be appropriated9905 | €-19k | €3k | €-2k | ▼ 165% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €129k | €172k | €181k | ▲ 5.5% |
| Fixed assets21/28 | €5k | €8k | €2k | ▼ 71.1% |
| Tangible fixed assets22/27 | €5k | €8k | €2k | ▼ 71.1% |
| Furniture and vehicles24 | - | - | €2k | - |
| Current assets29/58 | €124k | €164k | €179k | ▲ 9.3% |
| Amounts receivable within one year40/41 | €122k | €158k | €179k | ▲ 12.8% |
| Trade receivables40 | - | - | €172k | - |
| Other amounts receivable41 | - | - | €6k | - |
| Cash at bank and in hand54/58 | €2k | €5k | €48 | ▼ 99.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €129k | €172k | €181k | ▲ 5.5% |
| Equity10/15 | €54k | €57k | €55k | ▼ 3.9% |
| Contributions10/11 | €19k | €19k | €19k | = |
| Capital10 | - | - | €19k | - |
| Issued capital100 | - | - | €19k | - |
| Reserves13 | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | €2k | - |
| Legal reserve130 | - | - | €2k | - |
| Profit (loss) carried forward14 | €33k | €37k | €34k | ▼ 6.0% |
| Amounts payable17/49 | €75k | €115k | €126k | ▲ 10.2% |
| Amounts payable after more than one year17 | €19k | €19k | €19k | = |
| Other amounts payable178/9 | - | - | €19k | - |
| Amounts payable within one year42/48 | €56k | €96k | €107k | ▲ 12.3% |
| Financial debts43 | - | - | €7k | - |
| Credit institutions430/8 | - | - | €7k | - |
| Trade debts44 | €7k | €42k | €53k | ▲ 27.1% |
| Suppliers440/4 | - | - | €53k | - |
| Taxes, remuneration and social security45 | - | - | €857 | - |
| Taxes450/3 | - | - | €857 | - |
| Other amounts payable47/48 | - | - | €46k | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-19k | €3k | €-2k | ▼ 165% |
| + Depreciation and write-downs630 | €5k | €289 | €289 | = |
| Operating cash flow (approximation) | €-13k | €4k | €-2k | ▼ 152% |
| Investment in fixed assets (approximation) | - | €-3k | €5k | ▲ 293% |
| Change in cash | - | €3k | €-5k | ▼ 263% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
26-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 20-05-2025
2022
10-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 436 days late
2021
10-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 194 days late
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 436 days late
10-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 559 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 143 days late
2016
24-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 55 days late
2015
10-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 10 days late
2014
18-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
22-10
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 83 days late
2012
26-09
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 57 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 1999
Ground area
1.2 ha
Building footprint
3,139 m²
Volume, LiDAR
20,630 m³
2 parcels, Flanders, Wallonia · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
117
companies at this address
See who is registered here
1 establishment unit
MM CONSTRUCT
since 19992.091.102.442
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0045/00V002 | Flanders | 1.2 ha | 1 · 3,085 m² | 12.5 m · 2 fl. |
| 25110A0620/00_000 | Wallonia | 183 m² | 1 · 53 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SVEN DE MAESENEER PEGASUSLAAN 5, 1831 DIEGEM- |
20-05-2025 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded30-03-1999
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.